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Internal and External Effect of Estate Investment upon Regional Innovation in China

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  • Chen Zhu
  • Da Zhao
  • Zhiyi Qiu

Abstract

Does estate investment affect innovation investment in neighboring regions? Based on new economic geography and political economics, we theorize both internal and external effect of estate investment upon regional innovation. With dynamic panel and spatial Durbin model, we draw conclusions as follows: 1) Regional innovation is handicapped by local estate investment (internal effect); 2) regional innovation is more handicapped by estate investment in neighbouring regions (external effect); 3) estate investment exerts negative effect in Eastern provinces but positive in Central and Western provinces; 4) negative effect showed up after land policy reform in 2003.

Suggested Citation

  • Chen Zhu & Da Zhao & Zhiyi Qiu, 2019. "Internal and External Effect of Estate Investment upon Regional Innovation in China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(3), pages 513-530, February.
    • Handle: RePEc:mes:emfitr:v:55:y:2019:i:3:p:513-530
    DOI: 10.1080/1540496X.2018.1530981
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    Cited by:

    1. Zhu, Chen & Xia, Yuqing & Liu, Qing & Hou, Bojun, 2023. "Deregulation and green innovation: Does cultural reform pilot project matter," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 84-105.
    2. Xiaojie Wang & Yi Duan & Pengcheng Liu & Guixin Han, 2020. "The Influence of Housing Investment on Urban Innovation: An Empirical Analysis Based on City-Level Panel Data in China," Sustainability, MDPI, vol. 12(7), pages 1-15, April.
    3. Hao Liu & Lin Ma, 2020. "Spatial Pattern and Effects of Urban Coordinated Development in China’s Urbanization," Sustainability, MDPI, vol. 12(6), pages 1-16, March.

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